0001299933-08-001133 Sample Contracts

THE WILLIAMS COMPANIES, INC. 2007 INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • February 29th, 2008 • Williams Companies Inc • Natural gas transmission

This Nonqualified Stock Option Agreement (“Option Agreement”) contains the terms of the Option (as defined below) granted to you in this Option Agreement. Certain other terms of the Option are defined in the Plan (as defined below).

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Contract
Performance-Based Restricted Stock Unit Agreement • February 29th, 2008 • Williams Companies Inc • Natural gas transmission

THIS 2008 PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), which contains the terms and conditions for the Restricted Stock Units (“Restricted Stock Units” or “RSUs”) referred to in the 2008 Performance-Based Restricted Stock Unit Award Letter delivered in hard copy or electronically to Participant (“2008 Award Letter”), is by and between THE WILLIAMS COMPANIES, INC., a Delaware corporation (the “Company”), and the individual identified on the last page hereof (the “Participant”).

Contract
Restricted Stock Unit Agreement • February 29th, 2008 • Williams Companies Inc • Natural gas transmission

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”), which contains the terms and conditions for the Restricted Stock Units (“Restricted Stock Units” or “RSUs”) referred to in the 2008 Restricted Stock Unit Award Letter delivered in hard copy or electronically to Participant (“2008 Award Letter”), is by and between THE WILLIAMS COMPANIES, INC., a Delaware corporation (the “Company”) and the individual identified on the last page hereof (the “Participant”).

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